Historically, release dates of consoles matter. Buzz is generated and being "first" out of the gate can mean a step up for the holiday season. It will be interesting to see if Microsoft tries to release before the PS4 now that the date is known, or if there's some other reason as to why they would potentially try to hit a late November release date.

In the meantime, get excited as a new generation of gaming consoles is nearly here and you now have a date to officially look forward to.